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|Articles - October 2012|
|Monday, September 24, 2012|
Page 2 of 4
Salem: A city in search of itself
In the basement of one of Salem’s historic buildings, Carole Smith, a downtown property owner, is talking about one of the main problems facing Oregon’s second-largest city. “We’re always saying: ‘Portland does this, Portland does that.’ We need to come up with our own solutions.”
Forty miles from PDX, Salem suffers a bit from low self-esteem and dependency issues, especially where its bigger, brasher neighbor to the north is concerned. But in a city where the economy has yet to improve — the unemployment rate is 9.6% — there are signs Salem is ready to carve out its own identity, one based on the city’s unique assets. Two very different initiatives — a city loan program that so far has funded value-added food businesses and an ambitious streetscape plan — are indicative of this approach.
Home to NORPAC Foods, Truitt Brothers and other food-processing giants, Salem is now supporting smaller specialty food and beverage companies that capitalize on local, sustainable food trends. A case in point is the Fairview Urban Renewal Area small-business pilot program, an initiative that offers loans to existing manufacturers in need of capital to grow, then forgives up to 70% of the loan in exchange for job creation. So far, the program has awarded loans to three food and beverage companies, says Wales, the city’s urban development director.
“Our goal is to grow the next Kettle Chips,” he says, referring to the Salem-born company, now owned by Diamond Foods. One potential candidate is Wandering Aengus Ciderworks. The artisan cider company grossed $500,000 in 2011; that figure is expected to exceed $1 million in 2012, says marketing director and co-owner James Kohn. For his part, Kohn would like to see Salem convert some of the surrounding grass-seed farms to specialty apple orchards. “We’re trying to sustain growth in locally sourced products,” he says.
Across town, business owners in the central core are working on another Salem-sourced project, a streetscape plan built around the vision of Elizabeth Lord and Edith Schryver, renowned garden designers who lived in Salem in the early 1900s. Linking Riverfront Park to the capitol, the gardenscape would put a local stamp on the downtown revitalization trend, says Eric Kittleson, president of the board of the Downtown Partnership. By drawing tourists who visit the Oregon Garden in Silverton, and helping Salem Hospital and Willamette University attract high-caliber employees, the landscaped downtown would also “be a huge driver for the Salem economy,” says Smith. Supporters hope to tap urban-renewal funds for the project, says Kittleson.
So far, more traditional downtown drivers have stalled. The Rivers, a high-end condo building, has sold only a few units; the long-anticipated mixed-use redevelopment of the old Boise Cascade mill is on hold. “We don’t have much to comment on at this time,” says Jason Tokarski, VP of Mountain West Investment, which purchased the site in 2007.
The city has other Salem-branded projects in the works, including putting the finishing touches on a unique 100-acre wetland in the 650-acre Mill Creek Corporate Center, the largest industrial site on the I-5 corridor between Sacramento and Canada, according to Wales. As the city moves ahead with these and other strategies, business leaders are trying to keep one guiding principle in mind. “We shouldn’t be advertising we’re close to Portland,” says Ray Burstedt, president of SEDCOR, a local economic development nonprofit. “We need to focus on who we are.”
Friday, November 14, 2014
BY JESSICA RIDGWAY
Oregon entrepreneurs reveal their favorite caffeine hangouts.
Wednesday, November 26, 2014
BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR
By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.
Thursday, December 11, 2014
BY OREGON BUSINESS STAFF
An SEC rule targets the disparity between executive and employee compensation, reigniting a long-standing debate about corporate social responsibility.
Thursday, December 11, 2014
There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:
The authors, Henry Timms and Jeremy Heimans, don’t necessarily favor one form of power over another but merely outline how power is transitioning, and how companies can take advantage of these changes to strengthen their positions in the marketplace.
Our Powerbook issue might be viewed as a case study in the new-power transition. This annual book of lists provides information on leading businesses, nonprofits and universities in the state. Most of the featured companies are entrenched power players now pursuing more flexible and less hierarchical approaches to doing business. Law firms, for example, are adopting new technologies and fee structures to make legal services more accessible and affordable.
In this issue, we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay.
Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.
New power is not just about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”
That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!
Saturday, December 13, 2014
Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.
Thursday, November 13, 2014
BY RYAN CARSON | OP-ED CONTRIBUTOR
How do we skill up our future technology workforce in a smart way to take advantage of these high-paying jobs? The answer shouldn’t focus only on helping people get a bachelor’s degree.
Thursday, December 04, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?
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